Houston’s Inner Loop—consisting of the Downtown, Midtown/Montrose/Museum District, and Heights/Washington Avenue submarkets—dramatically densified during the past four years in what can be characterized as one of the most active multifamily construction cycles on record.

Class A absorption in these Inner Loop submarkets has historically been driven by two primary factors: net inbound migration to Houston and new product deliveries.

As Houston’s employment recovers, the overall Houston multifamily market is poised for the next demand cycle.